DOCS
  • Overview
    • What is DYAD
    • Notes
    • Vaults
    • XP
    • Rewards
    • Stability Fee
    • Liquidations
    • Redemptions
    • Governance
  • $Kerosene
    • DYAD’s utility token
    • Deterministic Value
    • The Flywheel
    • Tokenomics
  • Guides
    • Acquiring a Note
    • Depositing Collateral
    • Minting DYAD
    • Earning Kerosene
  • Info
    • Links
    • Contracts
    • Security
    • Logo's
    • Coinmarketcap
Powered by GitBook
On this page
  1. $Kerosene

Deterministic Value

Kerosene's value in the system, not to be confused by its market value, is set deterministically by the protocol via

X=C−DKX = \frac{C - D}{K}X=KC−D​

Where:

  • X: the value of a single Kerosene token deposited in a Note as backing for DYAD

  • C: the total USD value of all exogenous collateral in the protocol (TVL). Critically, this total does not include Kerosene itself

  • D: the total supply of DYAD stablecoins

  • K: the circulating supply of Kerosene tokens

PreviousDYAD’s utility tokenNextThe Flywheel

Last updated 8 months ago